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NGX crosses historic 100,000 points as ASI appreciates by 3%



The Nigerian Exchange Limited achieved a historic mark as the All-Share Index crossed 101,571.11 points, appreciating by 3 per cent on Wednesday.

Market capitalization also hit N55.58 trillion as equities gained N1.62 trillion, representing a 3 per cent increase from Tuesday’s N53.97 trillion.

Meanwhile, regarding trading volume, there was a 34.65 per cent decline to 488.49 million units, from the previous day’s 747.51 million units.

In trading value, there was a 50.6 per cent decline to N8.04 billion, from Tuesday’s N16.28 billion.

A further analysis of Wednesday’s trading showed that top gainers are WAPIC, +10.00 per cent to close at N0.88, BUACEMENT, +9.98 per to close at N179.65, JAPAULGOLD: +9.91% to close at N2.55 and three other firms.

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Conversely, top losers are NEM, -10.00 per cent to close at N7.20, CADBURY, -9.96 per cent to close at N23.50, TIP, -9.92 per cent to close at N2.27, MAYBAKER, -9.89 per cent to close at N6.65 and two other companies.

Regarding top trading stocks in terms of volume, TRANSCORP (+4.51 per cent) led with 95.11 million units, followed by UNIVINSURE (-9.09 per cent) with 45.63 million units, UNITYBNK (-5.05 per cent) led with 27.34 million units, JAIZBANK (+8.57 per cent) with 26.96 million units, and JAPAULGOLD (+9.91 per cent) with 25.32 million units.

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Concerning value, TRANSCORP (+4.51 per cent) led with N1.56 billion, followed by BUACEMENT (+9.98 per cent) with N703.80 million, UBA (-0.33 per cent) with N703.55 million, DANGCEM (+6.49 per cent) with N673.70 million, and ZENITHBANK (+0.48 per cent) with N609.62 million.

Stocks worth over N1 trillion drove market rally today, as BUACEMENT (+9.98 per cent), BUAFOODS (+5.59 per cent), DANGCEM (+6.49 per cent), and GTCO (+0.47 per cent), ZENITHBANK (+0.48 per cent) recorded remarkable price gains. However, UBA (-0.33 per cent) and ACCESSCORP (-1.22 per cent) recorded price losses.

Other members of the SWOOT category, AIRTELAFRI, MTNN, TRANSCOHOT, GEREGU, and SEPLAT recorded no price changes. Meanwhile, FBNH’s bearish run continued as the bank’s shares declined another 0.78 per cent on Wednesday.